Investors Lose $100m As 15 Startups Shut Down After Raising Funds
Nigeria’s tech ecosystem is reeling from a wave of high-profile startup shutdowns, with at least 15 venture-backed companies closing shop...
Sunday, February 1, 2026
Lead-In
TikTok Cracks Down On Nigeria’s Harmful Content, Deletes 3.6m Videos
TikTok has removed over 3.6 million videos from its Nigerian platform between January and March 2025, citing violations of its...
Nigeria’s ₦3.2trn Annual Outbound Medical Tourism Unacceptable –Experts
Nigeria’s chronic loss of up to $2 billion (N3.2trillion) a year to outbound medical travel has prompted policymakers, clinicians and private investors...
20 States Risk July Flooding Despite ₦620bn Ecological Funds
At least 20 Nigerian states are at high risk of flash floods this July, the Nigerian Meteorological Agency (NiMet) has...
DisCos Billed Customers ₦257bn, Recovered ₦199bn In April — NERC
Nigeria’s power distribution companies (DisCos) billed electricity consumers ₦257.57 billion in April 2025 but recovered only ₦199.85 billion, according to...
Nigeria Secures $50m WTO Fund For Women Digital Exporters
Nigeria has secured a $50 million grant from the World Trade Organization’s Women Exporters in the Digital Economy (WEIDE) Fund,...
IMF: Nigeria Must Expand Cash Transfers To Reduce Poverty
The International Monetary Fund (IMF) is urging Nigeria to scale up its cash transfer system to protect vulnerable citizens from...
Tougher Choices Ahead For Nigeria’s Economic Rebound In H2
As Nigeria enters the second half of 2025, a full economic recovery will depend on coordinated policy actions across inflation...
World Bank Approves $65m Loan For Nigeria’s SPESSE Project
The World Bank has approved an additional $65 million loan for Nigeria to support the Sustainable Procurement, Environmental, and Social...
Nigeria’s Money Supply Falls to ₦119trn In May Amid CBN Tightening
Nigeria’s broad money supply (M3) declined for the second time in 2025, falling slightly to ₦119.01 trillion in May, according...
